These plots are interactive dygraphs that show the different stock prices of some of the largest car brands in the world from 2013 to now. One of the graphs look specifically at Electric Vehicles, while the other shows a few wealthier Non-Electric car companies to see how they react differently over time.
You can see that the EV industry is fairly new, with the exception of Tesla, but Tesla is a dominant market force, especially in the EV industry. We actually see that during the time that the COVID restrictions began to the end of the restrictions nearly all the EV companies saw an increase, but they all seemed to hit somewhat of a peak in this time period during late January 2021. Besides Tesla, post pandemic, most of the EV companies struggled to gain in value very much.
Tesla’s peak was on November 5th,2021 where they recorded a stock price of $407.36. As of March 28th, 2024 Tesla was down to $175.79. The other three EV companies that I looked either are almost exactly the same or down in stock price from November 5th, 2021 and none of them are still even within $100 of Teslas stock price.
Data Sources:
TSLA stock price LI stock price XIACF stock price NIO stock price TM stock price P199.DE stock price MBG.DE stock price RACE stock price